Property sales across the Hawkes Bay region at 201 in the month represented a very slight fall on a seasonally adjusted basis in June and at the same time represented a significant 26% rise as compared to a year ago. The inventory of unsold houses on the market fell to 36 weeks and now sits below the long-term average of 42 weeks of equivalent sales.

Median sales price of properties sold in the Hawkes Bay at $265,000 was up 4% as compared to a year ago and down very slightly from the prior month. The asking price expectation of new listings was up 11% as compared to a year ago at $348,040.

The level of new listings coming onto the market in June at 385 was marginally up from prior month and represented a 15% increase as compared to a year ago.